Treasury discount paper 12M

ISIN
DE000BU0E311
WKN
BU0E31
Type
Treasury discount paper 12 month

Issuance data

Issuer Federal Republic of Germany
Maturity segment 12 month
Issuance volume 7,500,000,000 €
Issuance currency
Issuance date 14.07.2025
Maturity 15.07.2026
Smallest tradable unit 0.01 €
Stock-market listing no
Eligibility for security gilt-edged
Terms of issue Download (PDF)

Coupon data

Payable no interest payment
Interest calculation actual/360

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Lowest accepted price Average price Average yield Bid/Cover ratio
14.07.2025 New Issue 98.21058 98.21448 1.798% 2.3
11.08.2025 Reopening 98.26387 98.26568 1.891% 4.3
20.10.2025 Reopening 98.61411 98.61627 1.899% 1.8

Price and yield data are Deutsche Bundesbank reference prices.

Date Type Volume Bids Competitive bids Non-competitive bids Allotted volume Retention quote
14.07.2025 New Issue 3,000 € mn 4,680 € mn 3,325 € mn 1,355 € mn 2,005 € mn 995 € mn
11.08.2025 Reopening 1,500 € mn 5,650 € mn 4,325 € mn 1,325 € mn 1,310 € mn 190 € mn
20.10.2025 Reopening 3,000 € mn 3,210 € mn 2,335 € mn 875 € mn 1,780 € mn 1,220 € mn